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Sen. Paul Introduces Bill to De-fund HUD
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Sen. Paul Introduces Bill to De-fund HUD
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
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Receive Multiple Offers. Save Money.
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Sen. Paul Introduces Bill to De-fund HUD
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January 27, 2011 (Chris Moore)
mortgage-rand-paul-image
Newly installed Kentucky Senator Rand Paul had the distinction of giving the Republican response to President Obama’s State of the Union Address and wasted no time in keeping his promise that the Republicans would cut government spending by introducing a bill cutting all funding for the U.S Department of Housing and Urban Development (HUD).

According to the language in the bill, once ratified, all accounts and programs for HUD would be immediately de-funded. It would also transfer all housing programs for veterans away from HUD and into the Department of Veteran’s Affairs.

“I am proud to introduce my own solution to the mounting debt our spendthrift, oversized government has accrued. By rolling back to 2008 levels and eliminating the most wasteful programs, we can still keep 85 percent of our government funding in place,” said Sen. Paul.

The Republicans have apparently decided to take a completely different approach than that of the current administrations policy of bailing out the banks, Wall Street, and complicit government agencies for what many perceive as their bad behavior that lead to the housing crisis. The bill is the latest in a Republican surge against spending on housing policy and Wall Street reform. Days after the new Congress convened, Rep. Michele Bachmann (R-Minn.) introduced a bill that would repeal the Dodd-Frank Act.

According to Sen. Paul’s overview of the bill: “Policies perpetuated by HUD and its related agencies played a key role fostering sub-prime lending that brought the financial system to its knees in 2008. By implementing policies that expanded risky mortgages to under qualified borrowers, HUD is directly implicated in the loss of over one million homes in 2008.”

But housing alone is not the only cut in the bill. Paul proposes reductions in costs from the Environmental Protection Agency, the Department of Agriculture, the Departments of Energy and Education, and even defense. The bill cuts $14 billion in payments made to military personnel among other operations.

“By removing programs that are beyond the constitutional role of the federal government, such as education and housing, we are cutting nearly 40% of our projected deficit and removing the big-government bureaucrats who stand in the way of efficiency in our federal government,” Paul said in a statement released Tuesday.

This is going to be a very interesting two years.

Tags: HUD, rand paul, VA, oversizaed government, wasteful programs, federal government, risky mortgages, housing policy

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January 27, 2011 (Chris Moore)
mortgage-rand-paul-image
Newly installed Kentucky Senator Rand Paul had the distinction of giving the Republican response to President Obama’s State of the Union Address and wasted no time in keeping his promise that the Republicans would cut government spending by introducing a bill cutting all funding for the U.S Department of Housing and Urban Development (HUD).

According to the language in the bill, once ratified, all accounts and programs for HUD would be immediately de-funded. It would also transfer all housing programs for veterans away from HUD and into the Department of Veteran’s Affairs.

“I am proud to introduce my own solution to the mounting debt our spendthrift, oversized government has accrued. By rolling back to 2008 levels and eliminating the most wasteful programs, we can still keep 85 percent of our government funding in place,” said Sen. Paul.

The Republicans have apparently decided to take a completely different approach than that of the current administrations policy of bailing out the banks, Wall Street, and complicit government agencies for what many perceive as their bad behavior that lead to the housing crisis. The bill is the latest in a Republican surge against spending on housing policy and Wall Street reform. Days after the new Congress convened, Rep. Michele Bachmann (R-Minn.) introduced a bill that would repeal the Dodd-Frank Act.

According to Sen. Paul’s overview of the bill: “Policies perpetuated by HUD and its related agencies played a key role fostering sub-prime lending that brought the financial system to its knees in 2008. By implementing policies that expanded risky mortgages to under qualified borrowers, HUD is directly implicated in the loss of over one million homes in 2008.”

But housing alone is not the only cut in the bill. Paul proposes reductions in costs from the Environmental Protection Agency, the Department of Agriculture, the Departments of Energy and Education, and even defense. The bill cuts $14 billion in payments made to military personnel among other operations.

“By removing programs that are beyond the constitutional role of the federal government, such as education and housing, we are cutting nearly 40% of our projected deficit and removing the big-government bureaucrats who stand in the way of efficiency in our federal government,” Paul said in a statement released Tuesday.

This is going to be a very interesting two years.

Tags: HUD, rand paul, VA, oversizaed government, wasteful programs, federal government, risky mortgages, housing policy

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

January 27, 2011 (Chris Moore)
mortgage-rand-paul-image
Newly installed Kentucky Senator Rand Paul had the distinction of giving the Republican response to President Obama’s State of the Union Address and wasted no time in keeping his promise that the Republicans would cut government spending by introducing a bill cutting all funding for the U.S Department of Housing and Urban Development (HUD).

According to the language in the bill, once ratified, all accounts and programs for HUD would be immediately de-funded. It would also transfer all housing programs for veterans away from HUD and into the Department of Veteran’s Affairs.

“I am proud to introduce my own solution to the mounting debt our spendthrift, oversized government has accrued. By rolling back to 2008 levels and eliminating the most wasteful programs, we can still keep 85 percent of our government funding in place,” said Sen. Paul.

The Republicans have apparently decided to take a completely different approach than that of the current administrations policy of bailing out the banks, Wall Street, and complicit government agencies for what many perceive as their bad behavior that lead to the housing crisis. The bill is the latest in a Republican surge against spending on housing policy and Wall Street reform. Days after the new Congress convened, Rep. Michele Bachmann (R-Minn.) introduced a bill that would repeal the Dodd-Frank Act.

According to Sen. Paul’s overview of the bill: “Policies perpetuated by HUD and its related agencies played a key role fostering sub-prime lending that brought the financial system to its knees in 2008. By implementing policies that expanded risky mortgages to under qualified borrowers, HUD is directly implicated in the loss of over one million homes in 2008.”

But housing alone is not the only cut in the bill. Paul proposes reductions in costs from the Environmental Protection Agency, the Department of Agriculture, the Departments of Energy and Education, and even defense. The bill cuts $14 billion in payments made to military personnel among other operations.

“By removing programs that are beyond the constitutional role of the federal government, such as education and housing, we are cutting nearly 40% of our projected deficit and removing the big-government bureaucrats who stand in the way of efficiency in our federal government,” Paul said in a statement released Tuesday.

This is going to be a very interesting two years.

Tags: HUD, rand paul, VA, oversizaed government, wasteful programs, federal government, risky mortgages, housing policy

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.